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read all directions. list all steps and explain. thank you. Assume the inflation rate is 3.11% APR, compounded annually. Would you rather eam a nominal

read all directions. list all steps and explain. thank you.
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Assume the inflation rate is 3.11% APR, compounded annually. Would you rather eam a nominal return of 4.75% APR, compounded semiannually, or a real retum of 2.98% APR, compounded quarterly? (Note: Be careful not to round any intermediate stops less than six decimal places.) GOD To put these on the same basis, you must convert them both to nominal EARS The EAR for 4.75% APR, compounded semiannually is. (Type your answer in decimal format. Round to six decimal places.)

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